LG has finally taken the wraps off its new G Pro Lite smartphone, a variant of the Optimus G Pro. The company has announced that the new LG G Pro Lite will debut in Latin America this month, followed by markets in Asia, Russia, China, India and the Middle East. However, the pricing of the new device has not been announced.

The newly launched LG G Pro Lite comes with dual-SIM support with dedicated hot key and also comes bundled with stylus pen.

It comes with 5.5-inch IPS display with a qHD resolution of 540x960 pixels. It is powered by a 1GHz dual core MediaTek 6577 processor along with 1GB of RAM. The new phablet runs Android 4.1 Jelly Bean and packs a 3,140mAh removable battery. It sports an 8-megapixel rear camera with BSI and also houses a 1.3-megapixel front-facing camera. The device includes 8GB of inbuilt storage with microSD card support. It measures 150.2x76.9x9.4mm and weighs 161 grams.

LG G Pro Lite comes with some preloaded apps that have been seen on devices like LG Optimus G Pro and the flagship, the G2. Some of the popular preloaded features included in the new phablet are KnockON, Pause and Resume Recording, QSlide, QuickMemo and QTranslator.

Commenting on the launch, Dr. Jong-seok Park, president and CEO of LG Electronics Mobile Communications Company said, "With LG G Pro Lite, we are introducing a competitive device to the masses in the growing large smartphone market. The market for smartphones with displays over five inches will continue to grow and LG is in a great position to capture these new customers when they're ready to move up from their current phones."